The price of Horizen (ZEN) after the halving will depend on many factors, including market conditions, demand for the coin, and the overall state of the cryptocurrency market. Historically, halvings have often led to price increases due to the reduction in the supply of new coins. Here is an analysis based on available data and historical patterns:
For 2024, analysts predict moderate short-term price fluctuations for Horizen in the range of $6 to $10. However, in the longer term, by 2025 or 2026, a significant increase in value is expected if Horizen’s privacy and scalability solutions continue to grow in popularity.
With these updates, if market conditions improve and adoption of sidechain-based solutions accelerates, ZEN could see significant growth. The predicted price range for late 2024 is $15 to $30, especially if the overall cryptocurrency market is bullish. $BTC $ETH $ZEN
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CRYPTO WHALESS
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Conspiracy theory or new reality of the cryptocurrency market?
$BTC $HBAR Many of us are familiar with the concept of cryptocurrency market cycles. Analysts and investors like to compare current charts with past ones, trying to find patterns. However, if you look at the current market behavior, it becomes obvious that many traditional patterns no longer work as they used to.
If the statement about collaboration with NVIDIA, Intel, IBM, or Google comes solely from Hedera (HBAR) without confirmation from the companies themselves, it raises questions. However, claiming that this is a deception can only be made after a thorough fact-check. Let's consider some possible scenarios:
If the cryptocurrency market enters a phase of active bull run in January-February 2025, the price of HBAR (Hedera Hashgraph) could increase significantly. Given positive market sentiment, widespread adoption of Hedera technologies, and strong support from major players, the forecast could be as follows:
Short sellers just faced a $1.064K liquidation blow at $18.766, and ZEN is charging forward with fresh momentum. The pressure's building, and bulls are in control!
📈 Price Target: $20.00 – Key psychological level ahead. 🛑 Stop Loss: $18.00 – Manage the risk. 🎯 Next Target: $22.00 – If bulls push through, the rally could intensify.
Don’t sleep on ZEN’s breakout potential! The market is surging — are you in the game or on the sidelines?
Binance has announced the removal of the ZEN/ETH trading pair, but this does not mean that the Horizen (ZEN) coin will be delisted from the exchange. This decision is related to low trading volumes for the pair or internal optimization of the exchange.
In the meantime, an important event awaits us — halving #ZEN . The reduction of rewards for miners may lead to a decrease in the supply of the coin, which often has a positive impact on the price, especially in a growing market.
And now for the main point: the altcoin season is near! Bitcoin's dominance is gradually decreasing, which is a key signal for the active growth of altcoins. But remember:
1️⃣ The altcoin season is not a guarantee, but a probability depending on the overall market sentiment. 2️⃣ Volatility of altcoins increases during this period, be prepared for risks. 3️⃣ Monitor the indicators: dominance #BTC☀ , trading volumes of altcoins, and the actions of major players.
If you plan to invest — do it consciously and with an understanding of the risks. Good luck on your way to the moons! 🚀 $ZEN
ZEN is currently trading at $16.89, up 6.76%, after reaching a 24-hour high of $18.11. A strong bounce off lower levels indicates growing bullish momentum.
Key Levels to Monitor:
Resistance: $18.11 – A breakout above this could push ZEN toward $19.50, $20.80, and $22.00.
Support: $15.90 – Holding above this level is crucial to sustain upward momentum.
Trade Setup:
Long Entry: Above $17.00, targeting $18.50, $20.00, and $22.00, with a stop loss at $16.00.
Short Entry: Below $15.90, targeting $15.00, $14.50, and $13.90, with a stop loss at $16.50.
Stay sharp as volume surges – ZEN could see significant volatility!
The chart displays the price movement of Horizen #ZEN one month before and after the previous halving in 2020 and the forecast for the next halving in December 2024.
Data for the previous halving (2020):
1. November 15, 2020 (~1 month before the halving): The price was $5.0 — the initial stage of growth. 2. December 1, 2020 (2 weeks before the halving):